RBI withdraws Rs 2,000 currency notes: What it means for economy

India's Reserve Bank announced that it will withdraw the INR 2,000 ($27) banknote from circulation, and citizens have until September 30, 2022, to deposit or exchange the notes. The value of INR 2,000 notes in circulation is $44.27bn, or 10.8% of the currency in circulation, and experts suggest the move may improve banking system liquidity and boost deposits.

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